Description

  • Freehold Commercial Investment Producing £40,000 Per Annum
  • Substantial Re-Development Potential at the End of the Term (Subject to Necessary Consents)
  • Convenient and Central Location Close to Burgess Hill Town Centre and Train Station
DESCRIPTION This property is currently arranged as a ground floor restaurant/bar with staff area on the first floor. The property comprises approximately 415 SQ M of total internal area providing a seating area for approximately 140 covers. The property has a fitted bar area, WC facilities and a fitted kitchen. There is also the potential to develop the property at the end of the term (subject to the necessary consents).

Solicitors

Wragge Lawrence Graha & Co LLP, 4 More London Riverside, London, SE1 2AU Tel: 020 7759 6704 FAO: Myles Kiely

Accommodation

Column 1 Column 2
GROUND FLOOR
RESTAURANT AND SERVICE AREAS: 22.7m x 18.3m (wall to wall)
FIRST FLOOR
STAFF ROOMS & WCs: 11.7m x 6.3m.
TENANCY
Currently let on a 20 year term from 18th January 2006 on a full repairing and insuring lease at a passing rent of £40,000 per annum. Rent reviews take place at every fifth anniversary with the next one scheduled for January 2016.
TENURE
Freehold, subject to existing tenancy

Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.